Bachelor of Commerce (B.Com.) Family Business Management Syllabus - Mumbai University 2026

This is the SY BCOM syllabus under NEP 2020, in force from the academic year 2025-26. The University still sets the earlier Choice Based syllabus below alongside it for ATKT candidates, so check which scheme your exam form names before you revise.

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Syllabus for Family Business Management

Major · Semester 3 · SY BCOM · 2 credits · 50 marks

Module I: Family Business Management

Unit I Family Business Management: An Introduction
Historical Evolution of Family Business, Characteristics of Family Business Management, Types of Family Business
Family Business: Importance and Challenges, Women in Family Business Case Study Successful family Business Case Study https://medium.com/@vansh.khandelwal06/the-success-story-of-mdh-masala-greatness-born- out-of-persistence-e793bfd557f2 Failed Family Business Case Study https://thesecretariat.in/article/succession-planning-in-corporate-india-why-the-godrej-family- is-an-outlier
Unit II Strategic Planning & Family Business Theories and Models
Significance of Strategic Planning in Family Businesses, Family business life cycle and stages
Systems theory in family business management: The 3-circle model (Family, Business, Ownership), Strategic Regeneration Theory, Family Team Model Case Study Generational transitions in Family Business Godrej family amicably splits 127-year-old conglomerate into two groups | Company News - Business Standard - https://www.business-standard.com/companies/news/godrej-family- amicably-splits-127-year-old-conglomerate-into-two-groups-124050100031_1.html Family Enterprise: Balancing Tradition and Innovation - https://www.imd.org/blog/family- business/family-enterprise/

Module II: Governance in Family Business

Unit I Governance in Family Business & Conflict Resolution
Role of Governance in Family Business, Impact of EQ and SQ on Family Business Management, Business Ethics and CSR
Types of Conflict in Family Businesses, Principles of Conflict Management in Family Businesses, Conflict resolution strategies Case Study Tata Trusts to reform operations, reduces management roles and expenses https://www.business-standard.com/companies/news/tata-trusts-to-reform-operations-reduces- management-roles-and-expenses-124102800285_1.html India's top 4 business families anchor for a fifth of CSR contributions https://www.business-standard.com/companies/news/india-s-top-4-business-families-anchor- for-a-fifth-of-csr-contributions-125022600884_1.html
Unit II Leadership in Family Business
Types of Succession planning in Family business, Techniques of Cultivating Leadership in a Family Business, Leadership Traits for family business successors, Nature and Impact of Transformational Leadership in a Family Business
Financial decision-making in family businesses, Profit-sharing mechanisms for family businesses, Factors influencing Family Business Succession Case Study Succession at Reliance: A large family fortune starts a risky transition https://www.business-standard.com/companies/news/succession-at-reliance-a-large-family- fortune-starts-a-risky-transition-123082900320_1.html What leadership transition means for Reliance Industries https://www.business-standard.com/podcast/companies/what-leadership-transition-means-for- reliance-industries-121123000095_1.html

Reference Books

1 Family Business Management: An Introduction" by Ken Moores
2 Family Business: A Global Perspective" by Pramodita Sharma and Kavil Ramachandran
3 Family Business Governance: Maximizing Family and Business Potential" by John L. Ward
4 Strategic Planning for the Family Business" by Randel S. Carlock and John L. Ward
5 Family Business Models: Practical Solutions for the Family Business" by Alberto Gimeno Sandig and Gemma Baulenas
6 Generation to Generation: Life Cycles of the Family Business" by Kelin E. Gersick et al.
7 Family Business Governance: A Handbook for Families in Business" by John L. Ward
8 The Family Constitution: Agreements to Secure and Perpetuate Your Family and Your Business" by David Gage
9 Family Wars: Stories and Insights from Famous Family Business Feuds" by Grant Gordon and Nigel Nicholso
10 Succession Planning for Family Businesses" by Craig E. Aronoff and John L. Ward
11 Financial Management in Family Businesses" by Peter Leach and Tatiana S. Manolova
12 Perpetuating the Family Business: 50 Lessons Learned from Long Lasting, Successful Families in Business" by John L. Ward
13 Family Business Case Studies Across the World" by Alfredo De Massis and Pramodita Sharma
14 Indian Family Businesses: Their Survival and Growth" by Kavil Ramachandran
15 Case Studies in Family Business" by Richard Narva and Patricia Angus
16 Case Studies in Family Business” by Roland E. Kidwell
17 Family Business Case Studies Across The World -Succession and Governance in s Disruptive Era by Jeremy Cheng and Et.al.

Reproduced from the University of Mumbai syllabus for Bachelor of Commerce (B.Com.) under NEP 2020, in force from the academic year 2025-26. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

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